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mariacallous · 1 month

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Truth Social, former president Donald’s Trump’s clone of Twitter, has a fraction of the users of competitors like Reddit and X. The company has never turned a profit, and just happens to be the place where Trump is currently posting.

But on the Nasdaq, the stock exchange where Truth Social became a publicly traded company today, there's a different story: Truth Social has become a certified meme stock. Trump supporters seem to have conflated their support for the former president with the stock itself, and are buying en masse.

The stock quickly rose more than 40 percent after being listed and trades under a ticker of Trump’s initials, DJT. The company is now valued at more than $6.8 billion. The value, however, could change quickly; the stock was so volatile that it temporarily halted soon after it was listed. The company’s financial performance has been underwhelming. It posted $3.3 million in revenue and lost $49 million in the first three quarters of 2023, according to regulatory filings.

Still, Trump’s fans have posted on Reddit, X, and Truth Social about how they plan to hold the stock in defiance of traditional investing logic. Previous meme stocks like GameStop and cryptocurrency culture have helped provide the script, but the rhetorical formula is simple: Short sellers will perish, this stock is going to the moon, and don’t sell no matter what.

“Let’s go baby! Trump 2024 to the moon,” one user posted on Reddit, followed by the rocket ship emoji.

In another Reddit thread, stockholders discussed at what price they would sell shares in the company. “At least waiting for the election win,” one user posted, with the tag Diamond DWAC, a reference to “diamond hands,” a desire to hold a stock despite volatility.

“$150 maybe … but probably waiting for the launch of TMTG+ streaming and also stories videos,” another replied. “Or when our founder is The Leader of The Free World (again) and most reported on person on the world with the most attention on him and his platform. So maybe never‼️”

Reddit user deepfuckingbagholder speculated that the company could eventually be worth 1 trillion dollars. When another user replied, saying that valuation would be virtually impossible, deepfuckingbagholder wrote back: “This stock represents the value of Trump’s brand and I personally believe it can achieve that valuation.”

Truth Social is, predictability, a hotbed of conspiracy theories. Election denialism, vaccine skepticism, and the great replacement theory are all prominently featured on the site. The company has also been mired in controversy since it began, following Trump’s ban from Twitter after the January 6, 2021, riot at the Capitol. A former senior employee filed a whistleblower complaint with the SEC, and other former employees have sued the company, alleging breach of contract. Shareholders voted to take the company public last week, merging Trump Media and Technology Group with a publicly traded holding company, Digital World Acquisition Corp.

The outsize valuation of Truth Social has made Trump incredibly rich. His net worth rose $4 billion to $6.5 billion, making him one of the world’s 500 richest people, according to calculations by Bloomberg News. Trump is restricted from selling shares in the company for about six months, so his net worth could still tank, however, if the price of Truth Social falls.

On Truth Social, one user said a prayer. “Bless all the patriots invested in #DJT,” GothamGal wrote. “Bless this investment, and make us successful so that we may do your will and bring glory to you. Bless and protect our president DJT, and our country. In Jesus name.”

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uswnt5 · 2 years

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Speaking of teams that are having trouble scoring, Angel City was shut out for the third time in six matches and saw its scoreless streak grow to 200 consecutive minutes in Friday night’s 3-0 road loss to the Portland Thorns.

But there might be a simple answer to the team’s scoring woes: Tobin Heath.

The two-time World Cup and Olympic champion is in Southern California and out of contract after her season with Arsenal ended early because of a hamstring injury. Her 2021 season with Manchester City also ended early because of knee and ankle injuries.

But if Heath, 34, can get healthy, Angel City would do well to sign her because she could provide the offensive spark the team has been missing six games into a season in which it has scored just four times. Heath, who has been visible around Banc of California Stadium since returning from England, also could provide the key to unlocking Christen Press, her teammate with the Pali Blues, the U.S. women’s national team and Manchester United. Press has scored just once despite taking a team-high 16 shots, including seven on goal.

To get Heath, Angel City (3-3-0) first would have to outbid the OL Reign to obtain her NWSL rights from Racing Louisville, which traded away its claim to Press last August in exchange for Angel City’s first-round pick in the 2022 draft, $75,000 in allocation money and full roster protection in the expansion draft.

When Angel City first expressed an interest in Press, it was believed it would be a package deal, but team executives at the time said they were interested only in Press and gave her a three-year deal worth just less than $700,000, at the time the richest contract in NWSL history. Heath signed with Arsenal 11 days later.

Racing Louisville President James O’Connor said he has had “dialogue” with Heath’s agent about the player’s future. The Reign also have expressed interest.

“I think they’re trying to figure out what the next step is for them. I think they maybe have their own idea what they want to do,” said O’Connor, who added that when his team originally acquired the rights to Press and Heath, it partly was in the hopes they might be worth something in trade one day.

One rival NWSL club executive said a Heath-Press reunion in Los Angeles makes too much sense for it not to happen.

“Likely only going to one place,” the executive said of Heath.

#yall can stop sending me trolling messages about them not wanting her #it was literally never a package deal #only Kev said that #and they had to focus on acquiring Christen first #which was already not made easy by Louisville #and now there is bad blood because of it

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zvaigzdelasas · 2 years

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On April 26, 2022, the United States Africa Command (AFRICOM) announced that they had set up an office in the U.S. Embassy in Lusaka, Zambia. According to AFRICOM Brigadier General Peter Bailey,[...] the Office of Security Cooperation would be based in the U.S. Embassy building. Social media in Zambia buzzed with rumors about the creation of a U.S. military base in the country. Defense Minister Ambrose Lufuma released a statement to say that “Zambia has no intention whatsoever of establishing or hosting any military bases on Zambian soil.” “Over our dead bodies” will the United States have a military base in Zambia, said Dr. Fred M’membe, the president of the Socialist Party of Zambia.

Brigadier General Bailey of AFRICOM had met with Zambia’s President Hakainde Hichilema during his visit to Lusaka. Hichilema’s government faces serious economic challenges despite the fact that Zambia has one of the richest resources of raw materials in the world. When Zambia’s total public debt grew to nearly $27 billion (with an external debt of approximately $14.5 billion), it returned to the International Monetary Fund (IMF) in December 2021 for financial assistance, resulting in an IMF-induced spiral of debt.

Two months after Hichilema met with the AFRICOM team, he hosted IMF Deputy Managing Director Antoinette M. Sayeh in June, who thanked President Hichilema for his commitment to the IMF “reform plans.” These plans include a general austerity package that will not only cause the Zambian population to be in the grip of poverty but will also prevent the Zambian government from exercising its sovereignty.

Dr. M’membe, president of the Socialist Party, has emerged as a major voice against the United States military presence in his country. Defense Minister Lufuma’s claim that the United States is not building a base in Zambia elicits a chuckle from M’membe. “I think there is an element of ignorance on his part,” M’membe told me. “This is sheer naivety. He [Lufuma] does not understand that practically there is no difference between a U.S. military base and an AFRICOM office. It’s just a matter of semantics to conceal their real intentions.”

The real intentions, M’membe told me, are for the United States to use Zambia’s location “to monitor, to control, and to quickly reach the other countries in the region.” Zambia and its neighbor, the Democratic Republic of the Congo, he said, “possess not less than 70 percent of the world’s cobalt reserves. There are huge copper reserves and other minerals needed for modern technologies [in both these countries].” Partly, M’membe said, “this is what has heightened interest in Zambia.” Zambia is operating as a “puppet regime,” M’membe said, a government that is de jure independent but de facto “completely dependent on an outside power and subject to its orders,” M’membe added, while referring to the U.S. interference in the functioning of the Zambian government. Despite his campaign promises in 2021, President Hichilema has followed the same IMF-dependent policies as his unpopular predecessor Edgar Lungu. However, in terms of a U.S. base, even Lungu had resisted the U.S. pressure to allow this kind of office to come up on Zambian soil.

After news broke out about the establishment of the office, former Zambian Permanent Representative to the African Union, Emmanuel Mwamba, rushed to see Hichilema and caution him not to make this deal. Ambassador Mwamba said that other former presidents of Zambia—Lungu (2015-2021), Michael Sata (2011-2014), Rupiah Banda (2008-2011) and Levy Mwanawasa (2002-2008)—had also refused to allow AFRICOM to enter the country since its creation in 2007.

Zambia’s Defense Minister Lufuma argues that the “office” set up in Lusaka is to assist the Zambian forces in the United Nations Multidimensional Stabilization Mission in the Central African Republic (MINUSCA). Since 2014, the United States has provided around 136 million kwacha ($8 million) to assist the Zambian military. Lufuma said that this office will merely continue that work. In fact, Zambia is not even one of the top five troop contributing countries to MINUSCA (these include Bangladesh, Cameroon, Egypt, Pakistan and Rwanda). Lufuma’s reason, therefore, seems like a fig leaf.

Neither Zambia nor the United States military has made public the agreement signed in April. The failure to release the text has led to a great deal of speculation, which is natural. Meanwhile, in Ghana, where a defense cooperation agreement was signed between the two countries in May 2018, the United States had initially said that it was merely creating a warehouse and an office for its military, which then turned out to mean that the United States military was taking charge of one of the three airport terminals at Accra airport and has since used it as its base of operations in West Africa. “From the experience of Ghana, we know what it is,” M’membe told me, while speaking about the American plan to make an office in the U.S. Embassy in Zambia. “It is not [very] different from a base. It will slowly but surely grow into a full-scale base.”

From the first whiff that the United States might create an AFRICOM base on the continent, opposition grew swiftly. It was led by former South African President Thabo Mbeki and his Defense Minister at that time, Mosiuoa Lekota, both of whom lobbied the African Union and the Southern African Development Community to reject any U.S. base on the continent. Over the past five years, however, the appetite for full-scale rejection of bases has withered despite an African Union resolution against allowing the establishment of such bases in 2016. The U.S. military has 29 known military bases in 15 of the African countries.

Not only have 15 African countries ignored their own regional body’s advice when it comes to allowing foreign countries to establish military bases there, but the African Union (AU) has itself allowed the United States to create a military attaché’s office inside the AU building in Addis Ababa. “The AU that resisted AFRICOM in 2007,” M’membe told me, “is not the AU of today.

1 Jul 22

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beardedmrbean · 5 months

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The president of Seychelles, Wavel Ramkalawan, declared a state of emergency on Thursday following a blast at an explosives depot and flooding caused by heavy rains.

The explosion occurred in an industrial area on Mahe, the largest island in the Indian Ocean archipelago, and caused extensive damage to the site and surrounding areas, the presidency said in a statement.

"Following an explosion at the CCCL explosives store that has caused massive damage to the Providence Industrial area and the surrounding areas and major destruction caused by flooding due to heavy rains, the president has declared a state of emergency for today the 7th December," the statement said.

Earlier in the week, heavy rains caused flooding that killed three people and caused severe damage in several areas on Mahe. Photos posted on the official Facebook account of the Seychelles Broadcasting Corporation showed collapsed houses, fallen trees, landslides and severe cracks in the island's roads.

Schools shut, people told to stay home

The presidency asked people to stay at home and announced that all schools would be closed. "Only workers in the essential services and persons traveling will be allowed free movement," it said.

The international airport is still operational and ferry services between the islands are running for visitors, the tourism-dependent country said on its official Visit Seychelles account on X, previously known as Twitter.

The Seychelles, a major tourist destination, consists of 115 islands. With a population of approximately 100,000, it's the least populated country in Africa. The archipelago is famous for its idyllic white beaches.

According to the World Bank's 2021 data, the Seychelles is the richest country in Africa in terms of gross domestic product per capita, with tourism and fishing being the biggest contributors to the economy. However, the high cost of living means that many people still live in poverty.

#nunyas news

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dchan87 · 9 months

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When Donald Trump became the first former United States president to face federal criminal charges on June 9, it set the scene for a legal battle that could test the U.S. judicial and political systems. The charges—37 in total—are related to Trump’s storage of highly classified documents at his Mar-a-Lago resort in Palm Beach, Florida. On Aug. 1, Trump was indicted on even more serious charges for his efforts to overturn the 2020 presidential election. He faces four charges including conspiracy to defraud the United States, violate civil rights, and obstruct an official proceeding. The American public will closely follow his cases to see what they reveal about America’s ability to hold its most powerful citizens to account. Trump claimed the classified documents indictment is a “witch hunt” and a “hoax” by the Biden administration. He called the Jan. 6 indictment an attempt to interfere in the upcoming presidential election. “They are also going after me as RETRIBUTION for the Republicans in Congress going after them,” Trump wrote on his social media platform, Truth Social, days before the first federal indictment. “The difference is, they have created major crimes, I have created none!” Many Republicans are similarly questioning the motivation and timing of the indictment releases. Sen. Ted Cruz called it “political persecution,” while former acting U.S. Attorney General Matt Whitaker called it the “stuff of a banana republic.” But despite claims that prosecuting Trump means a slide into autocracy, the indictment and conviction of former leaders in democratic and semi-democratic countries around the world is, in fact, quite common.

A Foreign Policy analysis found that at least 78 leaders in 53 democratic or semi-democratic countries—the vast majority of which have successfully held democratic elections following the indictments—have been indicted since 2000. Countries and territories with a “partly free” or “free” score on Freedom House’s global freedom ranking, a total of 143, were included in this analysis.

Some of the richest and most influential nations in the world have not only indicted but convicted former leaders on serious charges. In the past five years alone, South Korea has convicted two of its former presidents on corruption charges: Lee Myung-bak, who served as president from 2008 to 2013, and his successor, Park Geun-hye, who was impeached in 2017. Both have since been pardoned by sitting presidents while serving their approximately two-decade-long sentences. South Korea suffers from a history of collusion and corruption between politicians and giant firms, known as chaebol. This old way of doing business helped put two other Korean leaders behind bars just before the turn of the century, bringing the tally of Korean leaders convicted to four in the past 30 years. Former French President Nicolas Sarkozy was similarly found guilty of bribery in 2021 and sentenced to three years in jail. Two of those years were suspended, and the remaining year will be served under house arrest as upheld by a Parisian court this May. And just last year, former President of Bolivia Jeanine Añez—who stepped forward as a proposed interim president in 2019 following the resignation of her predecessor, Evo Morales—was sentenced to 10 years in prison. She was accused of illegally taking over the presidency.

Trump’s criminal cases are unlikely to fall to the same political pressures that exonerated him in his two prior impeachment trials, but if acquitted, he wouldn’t be the first. Charismatic, recently deceased Italian statesman Silvio Berlusconi had a storied passage through his home country’s volatile judicial system. He was only convicted once in more than 30 court cases and acquitted in 10 for charges ranging from bribery to paying for sex with a minor. Two former Taiwanese presidents, Lee Teng-hui and Ma Ying-jeou, were also acquitted of embezzlement in 2013 and leaking confidential information in 2019, respectively. The International Criminal Court (ICC)—a legal institution that lacks any enforcement mechanisms of its own—has charged numerous leaders with crimes, for which they’ve been prosecuted in the organization’s judicial divisions. Kenya’s Uhuru Kenyatta and the Ivory Coast’s Laurent Gbagbo both faced ICC charges of crimes against humanity; Kenyatta’s charges—initiated before he was president—were dropped, while Gbagbo was acquitted. Gbagbo’s charges are related to a five-month period of chaos and violence following his loss in the country’s 2010 presidential election.

To be sure, prosecuting a former leader can also ignite political tensions and destabilize domestic politics. One of the most contemporary examples is Israel, where the charges of corruption against Benjamin Netanyahu sparked a political crisis in 2019 that continues to run its course. It resulted in a tumultuous power swing that saw five elections in four years with Netanyahu returning as prime minister in December 2022 despite his legal troubles. It’s unclear whether he’ll be found guilty, or whether the courts could enforce a guilty verdict. Now back in power, Netanyahu has proposed a sweeping judicial overhaul that would give him final say over judge appointments and his government the power to overturn Supreme Court decisions. The proposal led to mass protests this year, and opponents call it a conflict of interest as Netanyahu remains a criminal defendant. Former leaders have also taken extreme measures to avoid serving time after conviction, as several have done in El Salvador. Since a brutal civil war that ended in the 1990s, many of the country’s presidents have faced legal troubles, often corruption. Two presidents, Mauricio Funes and Salvador Sánchez Cerén, both fled to Nicaragua, where they have avoided jail time. Francisco Flores Pérez, president in the early 2000s, died awaiting trial in 2016. The only leader of the country who has served a sentence since 2000 is Antonio Saca—again, on corruption charges. And in countries that have yet to establish a strong democracy and where the military wields considerable power, political leaders who have fallen out of favor with the army are more vulnerable to indictments and imprisonment. A slew of prime ministers has been either indicted or imprisoned in Pakistan, the latest being cricket star-turned-politician Imran Khan. Khan’s brief arrest in May sparked nationwide protests and a more intense military crackdown on other party leaders ahead of general elections this fall.

But the indictments of leaders are not always a bad thing for democracies. They can help restore democratic legitimacy and serve as a way to reckon with past injustices from dictatorial regimes, as seen in the trials of former Argentine presidents Jorge Rafael Videla and Reynaldo Bignone and former Uruguayan presidents Juan María Bordaberry and Gregorio Conrado Álvarez. Similarly in South Korea, the imprisonments of military dictator Chun Doo-hwan and former President Roh Tae-woo for their part in the fatal crackdown of the 1980 pro-democracy Gwangju Uprising served as a victory for the young democracy. There is no blueprint for how the Trump cases will play out. In some settings, the trial of a former president has been a major test for democracy, while in others it’s demonstrated the independence of judicial institutions. One thing is certain: Whatever happens in the United States will likely do more to cement opinions of the country’s institutions rather than of the former president himself.

#donald trump #trump indictment #foreign policy #world leaders #politics #foreign policy magazine #fuck donald trump #long post

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chosetherose · 1 year

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1/25/23

Mukesh Ambani eyeing Thrive Capital stake

A group of global billionaires worth at least $123 billion are buying a stake in Thrive Capital, the venture-capital firm founded by Josh Kushner.

India’s Mukesh Ambani, Brazil’s Jorge Paulo Lemann and France’s Xavier Niel will join KKR & Co. co-founder Henry Kravis and Walt Disney Co. Chief Executive Officer Robert Iger in investing $175 million to purchase a 3.3% stake in Thrive.

“These extraordinary operators have built storied institutions, achieved geographic preeminence, ushered beloved brands to even greater heights, and pioneered entirely new industries,” Thrive said in a statement on Tuesday posted on Medium.

The deal values Thrive at $5.3 billion, up from $3.6 billion in 2021, when it sold a stake to a unit of Goldman Sachs Group Inc., according to a spokeswoman for New York-based Thrive. Its total assets under management reached $15 billion last year.

Thrive has repurchased the stake sold to Goldman Sachs and the stake held by the new syndicate is the same, Thrive said on Medium. The Wall Street Journal first reported details of the stake sale.

The investment represents a collection of some of the richest people from across the globe.

Ambani is the world’s 12th richest person, with a $84.7 billion fortune, according to the Bloomberg Billionaires Index. Lemann, with a net worth of $21.1 billion, is Brazil’s wealthiest individual. Kravis is worth $9.5 billion and Niel has an $8.1 billion personal fortune, according to the index.

“A lot of these folks have been involved in my life for quite a bit of time,” Kushner, 37, said in an interview with the Journal. “Now they actually have a vested stake in the firm’s success.”

Thrive was founded in 2009 by Kushner, the younger brother of Jared Kushner, the son-in-law of former President Donald Trump who served as a senior White House adviser under his administration.

It has invested in firms including Oscar Health Inc., Compass Inc., Affirm Holdings Inc., Opendoor Technologies Inc., Unity Software Inc., Hims & Hers Health Inc. and SKIMS, an underwear company created by Kim Kardashian.

#this is not a coincidence

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mixdgrlproblems · 1 year

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Robyn #Rihanna Fenty (born February 20, 1988) is a #mixed #Bajan singer, actress & businesswoman. Shes the richest female musician w/ a $1.4 billion fortune, mostly thanks to her #FentyBeauty brand. Shes from Saint Michael, #Barbados. Her moms #AfroGuyanese, her dad is Bajan of #African #Irish #English & #Scottish descent. Her light skin caused her grief at school, where she was harassed by students. ”People hated me because Im fair in complexion. I had to develop a thick skin because they would call me 'White'." Today, she is interested in learning more about her #Celtic roots. Her dads ancestors were indentured servants transported to Barbados to work on sugar plantations in the 17th century. They were part of the Caribbean’s poor white community known as #Redlegs. With over 250 million copies sold worldwide, Rihannas the 2nd best-selling female musician of all time. Earning 14 #1's, 31 top 10 US singles & 30 top 10 UK entries. Her accolades include: 9 Grammy's 13 American Music Awards (including the Icon Award) 12 Billboard Music Awards 6 Guinness World Records 1 NAACP's President's Award & 1 Academy Award nomination Shes known for her humanitarian causes, entrepreneurial ventures & fashion. She founded the nonprofit, Clara Lionel Foundation. Fenty Beauty started the "Fenty Effect", revolutionizing the way cosmetic brands approached diversity. Now beauty houses extend their shade ranges to accommodate all skin tones. 40 shades is the new standard. “Diversity is about so much more than colour. As women, we are different shapes, different sizes & inclusivity is so important, we don’t want anybody feeling left out." Her lingerie brand #SavageXFenty is also inclusive of plus sizes & models with different looks & abilities. Shes the first woman to create a fashion house, Fenty for #LVMH & the first #WOC to lead an LVMH brand. Now shes the first to headline a Super Bowl halftime show while pregnant. She was appointed as an ambassador of education, tourism & investment by the Government of Barbados in 2018 & declared a National Hero of Barbados on the country's independence day in 2021, entitling her "The Right Excellent" for life. 🇧🇧🇬🇧🇮🇪🏴󠁧󠁢󠁳󠁣󠁴󠁿 (at Barbados, Caribbean) https://www.instagram.com/p/Cos1Rt6uqca/?igshid=NGJjMDIxMWI=

#rihanna #mixed #bajan #fentybeauty #barbados #afroguyanese #african #irish #english #scottish #celtic #redlegs #1 #savagexfenty #lvmh #woc

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oliviajames1122 · 1 year

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The global economy faces a grim outlook

World Bank warns global economy faces a grim outlook

The global economy faces a "grim outlook", World Bank President David Malpass has warned, as the aftershocks of the pandemic continue to weigh on growth - especially in poor countries.

His organization's latest forecast predicts global growth will slow to 4.1% this year from 5.5% in 2021.

It attributed the slowdown to virus threats, government aid unwinding, and an initial rebound in demand fading.

But Mr Malpass said his greatest worry was widening global inequality.

"The big drag is the inequality that's built into the system," he told the BBC, noting that poorer countries were especially vulnerable to economic damage from efforts to fight inflation.

"The outlook for the weaker countries is still to fall further and further behind. That causes insecurity."

Separately, the World Economic Forum (WEF) warned that divergent economic recoveries were making it harder to collaborate on global challenges such as climate change.

"Widening disparities within and between countries will not only make it more difficult to control Covid-19 and its variants but will also risk stalling, if not reversing, joint action against shared threats that the world cannot afford to overlook," the WEF said in its annual global risks report on Tuesday many business listings.

· Business Review of 2021: Climate change and Covid

·Hundreds of unions issue vaccine supply chain plea

The World Bank's Global Economic Prospects report said that in 2021 the world's economy bounced back from the pandemic with the strongest post-recession expansion in 80 years.

But the gains are expected to slow this year, as virus variants and rapidly rising prices for items such as food and energy weigh on households. Globally, inflation is at its highest rate since 2008, the report says.

The bank, which lends to countries around the world, also warned that supply chain bottlenecks and the unwinding of stimulus programs posed risks.

The slowdown in the second half of 2021 was already larger than the Bank had expected in its June forecast due to the spread of the Omicron and Delta Covid variants. It expects a "pronounced slowdown" this year, and predicts global growth will decelerate further in 2023, to 3.2%.

"The reality is that Covid and the shutdowns are still taking a huge toll and that's especially true on people in poorer countries," Mr Malpass said.

David Malpass warned rate rises could hit growth in weaker economies

Driving the global slowdown in China, where the rate of growth is expected to drop to 5.1% from 8% last year, and the US, which is forecast to expand by 3.7% this year compared with 5.6% in 2021. In the eurozone, the expansion will slow to 4.2% this year from 5.2%, the bank predicts business listings.

India presents a bright spot, with the growth rate expected to rise from 8.3% to 8.7% this year.

But many emerging markets continue to struggle with additional challenges, such as lower vaccination rates.

In Latin America and the Caribbean, for instance, growth is expected to slow to 2.6% in 2022, from 6.7% last year.

By 2023, economic activity in all advanced economies, such as the US, Euro area and Japan, is likely to have recovered from the hit it took during the pandemic, the bank said.

But output in developing and emerging countries is expected to remain 4% lower than it was before Covid struck.

Mr Malpass blamed stimulus programs in the richest countries for worsening the divide by driving global inflation. While officials in many countries, including the US, are now expected to raise interest rates to try to rein in price increases, Mr Malpass warned higher borrowing costs could hurt economic activity - especially in weaker economies.

"The problem with rate hikes is it hurts people that need floating rate money... and that's usually new businesses, women-owned businesses, developing country businesses," Mr Malpass said.

He said he would prefer to see central banks focus on unwinding pandemic-era stimulus programs, which buy assets such as mortgage-backed securities.

"That helps people at the upper end of the income curve, but doesn't do much at all for people in lower incomes or in developing countries," he said free business listings.

"An improvement, I think, would be if they bought less of that kind of asset and allowed the stimulus to taper in a way that would be beneficial for people more in the middle incomes, in the lower incomes, and in developing countries."

More on this story

·Business Review of 2021: Climate change and Covid

·Hundreds of unions issue vaccine supply chain plea

#Many business listings #business listings #free business listings #promote your business

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bloggingforu · 2 years

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Top 5 world’s richest man Of 2022-Facts about Billionaires

The list of the world’s richest persons can vary from year to year, depending on their latest net worth and financial performance.

here is the latest list of top 5 world’s richest man according to real time Forbes list of April 2022 and few interesting facts regarding every of them.

bloggingforu Provides You knowledgeable and Informational content.

#1 Elon Musk

Age — 50

CEO — Tesla

Source of Wealth — Tesla, SpaceX, Self Made

Net worth — $246.0 billion

Residence — Austin, Texas

Marital Status — Relationship

Children — 6

Citizenship — United States

Education — Bachelor of Arts/Science, University of Pennsylvania

Elon Musk was born in June 28, 1971 Pretoria, South Africa. Musk was born to a Canadian mother and South African father.

Elon Musk is an engineer, technology entrepreneur, industrial designer and philanthropist. Elon Musk holds the citizenship of three countries- South Africa (1971–present), Canada (1989–present) and the United States (2002-present).

Elon Musk has taken a lot of risk in his life, due to which he comes in the list of Top 5 World’s Richest Man.

He was first listed on the Forbes Billionaires List in 2012, with a net worth of $2 billion.

On 1 February , 2021 Forbes announced that Musk had a net worth of over $200 billion, and was the world’s richest man. after Tesla stock surged. In November 2021, Musk became the first person with a net worth over $300 billion. read more

#2 Bernard Arnault & family

Age — 72

Source of Wealth — LVMH

Net worth -$158.2 billion

Residence — Paris, France

Citizenship — France

Marital Status — Married

Children — 5

Education — Bachelor of Arts/Science, Ecole Polytechnique de Paris

Education = Bachelor of Arts/Science, Ecole Polytechnique de Paris Bernard Arnault was born in 5 march ,1949, in Roubaix, France.

Bernard Arnault is the Chairman and CEO of LVMH is the third richest person in the world.

His net worth is $145B billion ensuring from his business across an empire of more than 70 brands as well as Louis Vuitton and Sephora. He comes in Top 5 world’s richest man.

French businessman richest man Bernard Arnault earned the $100 billion in last year of December.

At the end of 2017, the only declared major stockholder in LVMH was Arnault Family Group, the holding company of Bernard Arnault.

An engineer by training, Arnault first showed his business acumen whereas operating for his father’s construction firm, Ferret-Savinel, taking charge of the company in 1971.

He converted Ferret-Savinel to a real estate company named Ferinel Inc. in 1979

Bernard Arnault control amounted to 46.84% of LVMH’s stock and 63.13% of its voting rights. read more

#3 Jeff Bezos

Age — 58

Source of Wealth — Amazon, Self Made

Net worth -$150.1 billion

Residence — Seattle, Washington

Citizenship — United States

Marital Status — In Relationship

Children — 4

Education — Bachelor of Arts/Science, Princeton University

Amazon Ownership Stake: 10% ($153 billion) and He comes in Top 5 world’s richest man.

Jeff Bezos was born in Albuquerque, New Mexico, on 1964, 12 January. Jeff Bezos is an American business man, media proprietor, investor, computer engineer, and commercial astronaut.

he is the founder and executive chairman of Amazon, where he previously served as the president and CEO.

He stepped down as CEO of Amazon and transitioned and to become executive chairman in July 2021.

Amazon thrived during the pandemic; revenues in 2020 grew 38% to $386 billion as people stayed home and made online purchases.

He was included first time on Forbes World’s Billionaires list in 1999 with a registered net worth of $10.1 billion

It is presently the world’s largest online sales company, the largest Internet company by revenue, and therefore the world’s largest supplier of virtual assistants and cloud infrastructure services through its Amazon Web Services branch.

On January 9, 2019, Bezos and MacKenzie declared on Twitter their intent to divorce after a “long period” of separation.

On April 4, 2019, the divorce was finalized, with Bezos keeping 75% of the couple’s Amazon stock and MacKenzie getting the remaining 25% ($35.6 billion) in Amazon stock continue reading

#5 Gautam Adani & family

Age —59

Source of Wealth — infrastructure, commodities, Self Made

Net worth -$126.4 billion

Residence — Ahmedabad, India

Citizenship — Indian

Marital Status — Married

Children — 2

#buisness #richest man #elon musk #billioners #gautam adani

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warningsine · 15 days

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Singapore Prime Minister Lee Hsien Loong said Monday that he will step down on May 15 after two decades at the helm, and hand power to his deputy Lawrence Wong.

Lee, 72, will formally advise the city-state’s president to appoint Wong, who is currently deputy prime minister and finance minister, to succeed him, his office said in a brief statement. Wong, who has the unanimous support of lawmakers in the long-ruling People’s Action Party (PAP), will be sworn in at the national palace later the same day, it said.

Lee has served as prime minister and head of the PAP since August 2004.

Lee announced last November that he would retire this year and has already named Wong as his designated successor. Lee originally planned to step down before turning 70, but those plans were shelved because of the COVID-19 pandemic.

Also complicating Lee’s retirement was a series of blunders by his first designated successor, Heng Swee Keat, culminating in what political scholar Michael D. Barr called a “spectacularly embarrassing performance during the General Election campaign of 2020.” Heng stepped aside as leader-in-waiting in April 2021, over two years after he was initially tapped in November 2018. Lee and the PAP were forced to go back to the drawing board in selecting the next prime minister.

Wong, formerly the finance minister, was announced as Lee’s new successor in April 2022; next month, he will finally take over Singapore’s top office. When Lee passes the baton on to Wong, it will end a lengthy saga that began all the way back in 2016.

“For any country, a leadership transition is a significant moment. Lawrence and the 4G [fourth-generation] team have worked hard to gain the people’s trust, notably during the pandemic,” Lee said in a Facebook post on Monday. “I ask all Singaporeans to give Lawrence and his team your full support, and work with them to create a brighter future for Singapore.”

Lee has said there is no reason to delay the political transition and that passing the baton to Wong before national elections due next year will allow the 51-year-old politician to win his own mandate and take the country forward.

Wong came to prominence while helping to coordinate Singapore’s fight against COVID-19. He will be the city-state’s fourth leader since its independence in 1965.

The PAP, one of the world’s longest-serving parties, retained its super majority with 83 out of 93 parliamentary seats in 2020 general elections. But that was its worst performance after losing some seats and support slipped.

Lee is the eldest son of Lee Kuan Yew, who became Singapore’s first prime minister and built the resource-poor city-state into one of the world’s richest nations during 31 years in office. But Singapore has also been criticized for its tight government control, media censorship and use of oppressive laws and civil lawsuits against dissidents.

#Lee Hsien Loong #Lawrence Wong #singapore #politics #news tag

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sanjaylodh · 3 months

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Country Foreign Continent

By the way, friends, the country in whose chair I am carrying out our civilization story is

that is my country india

How many countries, continents and nations are there in the whole world?

There are 195 countries in the world today. This total comprises 193 countries that are member states of the United Nations and 2 countries that are non-member observer states: the Holy See and the State of Palestine.

What are the 7 continents and their countries list?

The Seven Continents | Overview & Facts - Video & Lesson ...

The number of countries in each continent fluctuate based on different timely political reasons, but Africa has 54 counties, Antarctica has 0 counties, Asia has 47 countries, Australia has 14 counties, Europe has 43 counties, North America has 23 counties, and South America has 12 countries.

Which country is No 1 in world?

For the second year in a row, Switzerland is the best country in the world, according to the U.S News and World report.13 Sept 2023

Are there 252 countries in the world?

The United Nations, for example, recognizes 251 countries and territories. 1 The United States, however, officially recognizes fewer than 200 nations. 2 Ultimately, the best answer is that there are 196 countries in the world.26 Feb 2020

What is the smallest country in 2023?

Smallest Countries in the World 2023 - Wisevoter

The smallest country in the world is Vatican City, with only 0.44 square kilometers. Monaco is the second smallest country, with 2.03 square kilometers.

Which country has only 33 people?

The Smallest Country In The World That Has Only 32 People ...

One such country is republic of Molossia, which is located in Dayton, Nevada and has only 33 people living there. This tiny country is considered as one of the smallest sovereign states in the world with only 0.2 square kilometers of land area.11 Jun 2022

What is no 2 country?

Canada. Canada takes up about two-fifths of the North American continent, making it the second-largest country in the world after.

What is the top 10 richest country?

The top 10 richest countries in the world by GDP per capita are as follows:

Singapore.

Qatar.

Macao SAR.

United Arab Emirates.

Switzerland.

Norway.

United States.

San Marino.

More items...•2 Jan 2024

Country: How many states are there in India?

28 states

There are 28 states and 8 union territories in the country. Union territories are administered through an administrator appointed by the President.

Which is the 29th state of India?

Telangana

The correct answer is Telangana. In 2014, Telangana became the 29th state of India. Telangana was formed by reorganizing the state of Andhra Pradesh. Hyderabad is the capital of Telangana.

How many districts are there in West Bengal?

23 districts

West Bengal is now divided into 23 districts.

How many municipal areas and panchayat areas are there in Howrah district?

How many panchayats are there in Howrah district?

Howrah district - Wikipedia

The district has 30 police stations (Howrah Police Commissionerate has 16 general police stations including 1 women's PS, 1 cyber crime PS and Howrah Rural PD has 10 general police stations including 1 women's PS, 1 cyber crime PS), 157 gram panchayats and There are 50 censuses. Towns.

How many municipalities are there in Howrah?

Howrah Municipal Corporation - Wikipedia

In July 2015, Howrah Municipal Corporation and Bally Municipality were merged. The 35 wards of Bally Municipality were reduced to 16 under Howrah Municipal Corporation. In November 2021, the West Bengal Legislative Assembly passed a bill to separate Bally Municipality from Howrah Municipal Corporation.

This colorful season of our world covering so many areas, districts, states, countries, foreign continents,

Translate Hindi

देश विदेश महादेश

वैसे दोस्तों मैं जिस देश की कुर्सी में बैठकर हमारी यह सिविलाइजेशन स्टोरी को अंजाम दे रहा हूँ

वो है मेरा देश इंडिया

यह पूरी दुनिया में कितने देश महादेश और राष्ट्रसंघ वर्तमान है

आज विश्व में 195 देश हैं। इस कुल में 193 देश शामिल हैं जो संयुक्त राष्ट्र के सदस्य राज्य हैं और 2 देश जो गैर-सदस्य पर्यवेक्षक राज्य हैं: होली सी और फिलिस्तीन राज्य।

7 महाद्वीप और उनके देशों की सूची क्या है?

सात महाद्वीप | अवलोकन एवं तथ्य - वीडियो एवं पाठ...

प्रत्येक महाद्वीप में देशों की संख्या अलग-अलग सामयिक राजनीतिक कारणों के आधार पर घटती-बढ़ती रहती है, लेकिन अफ्रीका में 54 काउंटी, अंटार्कटिका में 0 काउंटी, एशिया में 47 देश, ऑस्ट्रेलिया में 14 काउंटी, यूरोप में 43 काउंटी, उत्तरी अमेरिका में 23 काउंटी और दक्षिण अमेरिका में 23 काउंटी हैं। 12 देश हैं.

दुनिया में नंबर 1 देश कौन सा है?

यू.एस. न्यूज एंड वर्ल्ड रिपोर्ट के अनुसार, स्विट्जरलैंड लगातार दूसरे वर्ष दुनिया का सबसे अच्छा देश है। 13 सितंबर 2023

क्या विश्व में 252 देश हैं?

उदाहरण के लिए, संयुक्त राष्ट्र 251 देशों और क्षेत्रों को मान्यता देता है। हालाँकि, संयुक्त राज्य अमेरिका आधिकारिक तौर पर 200 से कम देशों को मान्यता देता है। अंततः, सबसे अच्छा उत्तर यह है कि दुनिया में 196 देश हैं। 26 फरवरी 2020

2023 में सबसे छोटा देश कौन सा है?

विश्व के सबसे छोटे देश 2023 - समझदार मतदाता

दुनिया का सबसे छोटा देश वेटिकन सिटी है, जिसका क्षेत्रफल केवल 0.44 वर्ग किलोमीटर है। मोनाको 2.03 वर्ग किलोमीटर के साथ दूसरा सबसे छोटा देश है।

किस देश में केवल 33 लोग रहते हैं?

दुनिया का सबसे छोटा देश जहां सिर्फ 32 लोग रहते हैं...

ऐसा ही एक देश है मोलोसिया गणराज्य, जो डेटन, नेवादा में स्थित है और वहां केवल 33 लोग रहते हैं। केवल 0.2 वर्ग किलोमीटर भूमि क्षेत्र वाले इस छोटे से देश को दुनिया के सबसे छोटे संप्रभु राज्यों में से एक माना जाता है।11 जून 2022

नंबर 2 देश क्या है?

कनाडा. कनाडा उत्तरी अमेरिकी महाद्वीप का लगभग दो-पाँचवाँ भाग घेरता है, जिससे यह दुनिया का दूसरा सबसे बड़ा देश बन जाता है।

शीर्ष 10 सबसे अमीर देश कौन सा है?

प्रति व्यक्ति सकल घरेलू उत्पाद के हिसाब से दुनिया के शीर्ष 10 सबसे अमीर देश इस प्रकार हैं:

सिंगापुर.

कतर.

मकाओ एसएआर.

संयुक्त अरब अमीरात।

स्विट्जरलैंड.

नॉर्वे.

संयुक्त राज्य अमेरिका।

सैन मारिनो।

अधिक आइटम...•2 जनवरी 2024

देश भारत में कितने राज्य वर्तमान है

28 राज्य

देश में 28 राज्य और 8 केंद्र शासित प्रदेश हैं। केंद्र शासित प्रदेशों का प्रशासन राष्ट्रपति द्वारा नियुक्त प्रशासक के माध्यम से किया जाता ह��।

भारत का 29वाँ राज्य कौन सा है?

तेलंगाना

सही उत्तर तेलंगाना है। 2014 में तेलंगाना भारत का 29वां राज्य बना। आंध्र प्रदेश राज्य का पुनर्गठन करके तेलंगाना का गठन किया गया। हैदराबाद तेलंगाना की राजधानी है।

पश्चिम बंगाल में कितने जिले वर्तमान है

23 जिले

पश्चिम बंगाल अब 23 जिलों में विभाजित है।

हावड़ा जिले में कितने म्युनिसिपल एरिया और पंचायत एरिया है

हावड़ा जिले में कितनी पंचायतें हैं?

हावड़ा जिला - विकिपीडिया

जिले में 30 पुलिस स्टेशन हैं (हावड़ा पुलिस आयुक्तालय में 1 महिला पीएस, 1 साइबर अपराध पीएस सहित 16 सामान्य पुलिस स्टेशन हैं और हावड़ा ग्रामीण पीडी में 1 महिला पीएस, 1 साइबर अपराध पीएस सहित 10 सामान्य पुलिस स्टेशन हैं), 157 ग्राम पंचायतें और 50 जनगणना हैं। कस्बे.

हावड़ा में कितनी नगर पालिकाएँ हैं?

हावड़ा नगर निगम - विकिपीडिया

जुलाई 2015 में, हावड़ा नगर निगम और बल्ली नगर पालिका का विलय कर दिया गया। हावड़ा नगर निगम के अंतर्गत बाली नगर पालिका के 35 वार्डों को घटाकर 16 कर दिया गया। नवंबर 2021 में, पश्चिम बंगाल विधान सभा ने बल्ली नगर पालिका को हावड़ा नगर निगम से अलग करने के लिए एक विधेयक पारित किया।

इतने एरिया जिले राज्य देश विदेश महादेश लेकर हमारी दुनिया की यह रंगिन मौसम

#nasa #google #youtube

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sageglobalresponse · 3 months

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Bernard Arnault Overtakes Elon Musk As World’s Richest Man

Bernard Arnault, billionaire chairman and CEO of global luxury goods company LVMH, has again beaten Tesla CEO, Elon Musk, to emerge the richest man in the world.

This was revealed by Forbes real-time billionaires list, adding that Arnault’s net worth skyrocketed to $207.8 billion, $3.3 billion higher than Musk’s.

It disclosed that Arnault and his family’s net worth increased to $207.8 billion after a $23.6 billion rise on Friday, passing Musk’s $204.5 billion.

Meanwhile, Musk’s Tesla struggled in the stock market on Thursday, plummeting 13%, the X owner losing more than $18 billion in net worth, according to reports.

However, LVMH shares soared on Friday morning passing 13%.

The market cap of LVMH reached $388.8 billion on Friday, compared to Tesla’s $586.14 billion market cap.

In 2021, LVMH acquired Tiffany & Co. for nearly $16 billion—considered the largest luxury brand acquisition ever.

The 74-year-old Frenchman’s holding company Agache supports a venture capital firm called Aglaé Ventures, which Forbes reports invested in businesses like Netflix and ByteDance—the parent company of TikTok.

Last week, Arnault appointed two of his sons – Alexandre Arnault and Frédéric Arnault to the LVMH board.

While he nominated the 31-year-old Alexandre, as the executive vice president of product and communications at Tiffany and Co., he selected the 29-year-old Frédéric for the post of the chief executive of Tag Heuer.

Arnault’s decision made the two children join other siblings – Delphine, 48, who is also chairman and chief executive of Christian Dior Couture, and Antoine, 46, who runs multiple LVMH brands and is in charge of the group’s image and sustainability efforts.

The youngest sibling, Jean, 25, is Louis Vuitton’s watch director.

The richest man affirmed that his company is a family business, saying, “As I have always said, LVMH is a family-run group.”

#bernard arnault #elon musk #World’s Richest Man

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dbs-superleggera · 4 months

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Patrice Motsepe - Wikipedia

Patrice Tlhopane Motsepe (born 28 January 1962) is a South African mining billionaire businessman. Since 12 March 2021, he has been serving as the President of the Confederation of African Football.[2] He is the founder and executive chairman of African Rainbow Minerals, which has interests in gold, ferrous metals, base metals, and platinum. He sits on several company boards, including being the non-executive chairman of Harmony Gold, the world's 12th largest gold mining company, and the deputy chairman of Sanlam. In 2012, Motsepe was named South Africa's richest man (excluding Elon Musk), topping the Sunday Times' annual Rich List with an estimated fortune of R20.07 billion ($1 billion).[3] Almost a decade later in 2020, Motsepe was ranked as the 1,307th-wealthiest person in the world by Forbes, with a reported fortune of US$3.1 billion.

Gigi Buffon

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niranjan-hiranandani · 5 months

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Know Insights about MD of Hiranandani Group - Niranjan Hiranandani

Born on March 8, 1950, Niranjan Hiranandani is a millionaire Indian businessman who specializes in real estate. He is also a co-founder and managing director of the Hiranandani Group. His net worth, as of June 2021, was US$1.6 billion, placing him among the 100 richest Indians according to Forbes.(Source: )

According to the Grohe Hurun survey, he was one of the top 10 Indian real estate tycoons in 2020.According to the IIFL Wealth Hurun India Rich List (2020), he ranked as the second richest individual in the real estate sector in 2020. Hiranandani is the owner of the privately held Hiranandani Group, along with other family members.

Early life and education

Mumbai is where Hiranandani was born. The Hiranandani clan hails from Sindh. Lakhumal Hiranand Hiranandani, his father, was an ENT surgeon who was also the winner of the Padma Bhushan award from the Indian government. Niranajan Hiranandani has two brothers: Surendra is his younger brother, and Navin is his elder brother. Hiranandani received his education from Campion School in Mumbai and graduated from Sydenham College in Mumbai with a bachelor's degree in business. He is an Institute of Chartered Accountants of India chartered accountant.

Career

Hiranandani began his working life as a teacher of accounting.[13] He established his first company, a textile weaving factory, in Kandivali, Mumbai, in 1981.

In 1985, he and his brother Surendra began a real estate company called Hiranandani Gardens after purchasing 250 acres of property in Powai, Mumbai.Currently, Hiranandani Constructions is renovating and launching two townships that it purchased for around ₹1,000 crore at a judicial auction. A township called Hiranandani Estate was constructed in Thane, Maharashtra, which is a part of the Mumbai Metropolitan Area.

In 2006, Hiranandani Hospital was established in Thane, and in Powai, in 2011. He founded Yotta Infrastructure and is its founder and chairman. In its Integrated Yotta Data Center Park at Navi, he opened the second-largest data center in the world, called NM1.

Niranajan Hiranandani's name appeared in the Pandora Papers in October of 2021. It is said that he stashed $60 million in multiple offshore trusts.According to Hiranandani, his son Darshan Hiranandani, who resides in Dubai, is the rightful owner of the funds kept in the offshore account located in the British Virgin Islands.

Associations

17 schools have Hiranandani as a board member, including the Thane and Powai locations of the Hiranandani Foundation School.

In addition to serving as chairman of the Mumbai City, Development and Environment Committee of the Indian Merchants Chambers (I.M.C.) Hiranandani was the previous president of the Maharashtra Chambers of Housing Industry .

In addition, he serves as President of the National Real Estate Development Council (NAREDCO), an organization established by the Indian government's Ministry of Housing and Urban Affairs with the goals of advancing ethics and transparency in the real estate industry and developing the country's unorganized real estate market into a globally competitive industry.

The 100-year-old "Associated Chambers of Commerce and Industry of India" (ASSOCHAM) is the trade body of which he served as president. founded with the intention of influencing the nation's trade, commerce, and industrial environment.The International Chamber of Commerce has ASSOCHAM as a member.

Member of the Maharashtra government's study group on the Slum Rehabilitation Scheme and of the Government of India's task force on housing and urban development reforms.

Hiranandani served as the Federation of Indian Chambers of Commerce and Industry's (FICCI) president for real estate and as an advisor to the Indian government on housing and habitat policy.

Additionally, he was a key player in the establishment of HSNC institution, Mumbai, a recently established cluster institution. Despite being State-owned, the H(S)NC Board, one of the oldest educational trusts in India, which he has previously served as president of, will run and oversee this university. He will continue to be associated with the same when serving as the institute's "Provost" in the future. Notable Universities like K.C. College and H.R. College will be part of this cluster university.

Personal life

Niranjan Hiranandani is the spouse of Kamal Hiranandani, with whom he has a son, Darshan, and a daughter, Priya. Priya is wed to businessman Cyrus Vandrevala, who resides in London. Neha Jhalani, the daughter of businessman Pradeep Jhalani and his wife Shabnam Jhalani, of Delhi, is Darshan's wife.

#darshan hiranandani #darshan hiranandani news #niranjan hiranandani #niranjan hiranandani news

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ailtrahq · 7 months

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Billionaire investor Ryan Cohen has been appointed as the new Chief Executive Officer (CEO) of GameStop, a brick-and-mortar video game retailer in the United States, a move that could potentially impact Dogecoin. GameStop’s stock and the Dogecoin price have shown signs of correlation. Before assuming this role, Cohen had been the Executive Chairman of GameStop since January 2022 and remained the largest shareholder. The experienced investor takes over in what analysts said is an attempt by the board to turn around the fortunes of the public company. Pro-GameStop Billionaire Takes Over As CEO In this role, Cohen takes over as the President, Chief Executive, and Chairman of GameStop, representing a move to overhaul and possibly revive the company’s leadership structure. While he assumes several positions, reports indicate that the billionaire won’t receive a salary. Following news of Cohen’s announcement, GameStop prices surged 10%. Analysts interpret this expansion as confidence in the experienced investor’s capability and even genuine commitment to sparking a turnaround following challenges in 2022 and the shifting landscape that has seen sales in brick-and-mortar stores fall. The appointment is bullish for GameStop because Cohen is one of the largest shareholders. From September 2020, the billionaire started accumulating aggressively through to December 2020. The billionaire publicly supported a stock that hedge funds had ignored, as they were betting on a video game retailer to go bankrupt. However, in January 2021, due to a “short squeeze,” GameStop’s stock prices surged by 1,500% as retailers jumped on board, causing the stock to reach around $81. Will Dogecoin Mirror GameStop’s Rally Of 2021? The sharp expansion of GameStop in January due to FOMO and retailers banking on a “meme stock” bear the same characteristics as the sudden rally of Dogecoin in the first half of 2021. At peaks, Dogecoin soared to as high as $0.78 as support from Elon Musk, the world’s richest entrepreneur, pumped the coin to record levels. The CEO of X openly expressed support for DOGE, even appearing on Sunday Night Live (SNL) as the “Doge Master.” [embed]https://www.youtube.com/watch?v=fCF8I_X1qKI[/embed] Beyond Elon Musk, Dogecoin’s status as the first meme coin and its alignment with the broader trend of meme stocks rallying in early 2021, driven chiefly by online communities and social media, fueled DOGE prices. DOGE prices have since cooled off, falling by over 80% as bears pressed on, reversing the project’s huge valuations. Even so, supporters remain bullish, expecting the meme coin to recover in the sessions ahead. Dogecoin prices on September 28| Source: DOGEUSDT on Binance, TradingView It remains to be seen if Elon Musk will continue tweeting frequently about DOGE. The billionaire is being sued in New York for allegedly promoting Dogecoin as a “get-rich-quick” scheme. The lawsuit claims that Musk, Tesla, and SpaceX were involved in a “racketeering conspiracy” to support DOGE. Source

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